News for hackers. Stuff that matters.

A comment on Bitfinex, the Italian network behind the boss that makes Bitcoin tremble. Parent comment

Re:Bitfinex, the Italian network behind the boss that makes ... by ac29 on Wednesday February 17, 2021 @11:43PM (#26175906)
A few of the thousands of publicly traded US companies have bought some bitcoin, the others have not. If you assume institutional investors do their homework, why are the 99.99% of companies who didn't buy bitcoin wrong?
[ Parent | on HN ]
Re:Bitfinex, the Italian network behind the boss that makes ... by bboygravity on Thursday February 18, 2021 @05:09AM (#26178066)
> If you assume institutional investors do their homework

We're talking about predicting the future here. "Doing your homework" may not be the relevant factor in predicting the future compared to "luck" or "power to manipulate" (insider trading, SEC in the pocket, priority at exchanges, CNBC market manipulation, etc).

[ Parent | on HN ]